Commercial companies can be divided into companies of individuals and companies of capital. Capital companies are: limited liability company, simple limited liability company and joint- stock company, while personal companies are: public company, limited partnership and economic interest association. What all companies have in common is that they are legal entities, based on a legal business. They operate with joint funds and by working under a certain company they achieve common goals. All obligations resulting from the company's operations are guaranteed exclusively by its assets. There are several laws with the help of which trading companies are regulated in Croatia. The Law on Trading Companies stands out among the rest of them. When it comes to corporate governance, there are different models of corporate governance, but also factors that characterize good corporate governance practice. There are two basic models of corporate governance: unicameral and bicameral models, Anglo-Saxon and European models, and there is also a mixed model that unifies the characteristics of these two models. These models of corporate management differ greatly in their basic elements of organization, functioning and decision-making. The European model of corporate management dominates in Croatian hotel companies. One exception is the hotel company named Arenaturist d.d. It is a company that functioned according to a dual management model until 2008. when the Anglo-Saxon management model was introduced. The thing that enabled the aforementioned hotel company to transition to a monistic management model was the Law on Amendments to the Law on Commercial Companies structured in 2008.